Independent Bank
| Weiss Ratings |
Independent Bank
Grand Rapids, MI |
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| Rating | ||||
| Asset Quality Index | 6.90 | |||
| Capitalization Index | 7.30 | |||
| Liquidity Index | 2.80 | |||
| Profitability Index | 6.40 | |||
| Stability Index | 6.30 | |||
| Company Info |
Independent Bank
Grand Rapids, MI |
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| FDIC Number | 27811 | |||
| Phone Number | (616) 363-1207 | |||
| Website | www.independentbank.com | |||
| Asset Quality |
Independent Bank
Grand Rapids, MI |
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| 1-Year Asset Growth | 4.43% | |||
| 5-Year Asset Growth | 9.90% | |||
| 5-Year Charge-Offs to Average Loans | 0.02% | |||
| Charge-Offs to Average Loans | 0.04% | |||
| Non-Performing Assets to Assets | 0.38% | |||
| Non-Performing Loans to Capital | 3.59% | |||
| Non-Performing Loans to Loans | 0.54% | |||
| Balance Sheet |
Independent Bank
Grand Rapids, MI |
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| Total Assets | 5.49B | |||
| Total Deposits | 4.92B | |||
| Capital and Reserves |
Independent Bank
Grand Rapids, MI |
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| Capital | 480.48M | |||
| Leverage Ratio | 9.19 | |||
| Loan Loss Reserves to Loans | 1.48% | |||
| Risk-Based Capital Ratio | 12.58 | |||
| Liquidity |
Independent Bank
Grand Rapids, MI |
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| Hot Money Ratio | 11.14% | |||
| Liquidity Ratio | 20.24% | |||
| Profitability |
Independent Bank
Grand Rapids, MI |
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| 5-Year Return on Average Assets | 1.36% | |||
| Net Income | 52.97M | |||
| Net Interest Spread | 3.58% | |||
| Operating Profit to Average Assets | 1.59% | |||
| Overhead Efficiency Ratio | 59.42% | |||
| Return on Assets | 1.29% | |||
| Return on Equity | 14.52% | |||